Does anyone have personal experience with youwalkaway? I would like to recommend their services to a friend who has reached the end of his options, but would like to hear any pros or cons before doing so.
His mortgage is about $200K higher than what he could sell his house for. He has a high interest rate and has already depleted all savings just to keep the payments current. He has failed in 5 attempts to refinance and received no help from his lender in trying to modify his current loan.
I told him he was lucky the refinancing didn’t work out because at least the loan he has now is non-recourse.
Should I tell him to contact youwalkaway, or should he avoid their fee and just turn his keys in to the bank?
